UBS: Expects data performance next week to increase the probability of the Fed lowering interest rates before the end of the year.

Odaily News UBS Global Wealth Management strategists stated in a report that the dollar may weaken as data expected to be released next week in the U.S. is anticipated to show weakness. Key data includes retail sales, consumer confidence, and existing home sales on Tuesday, followed by durable goods orders, weekly initial jobless claims, and new home sales on Wednesday. The strategists pointed out that this data will impact market expectations for economic growth, inflation, and Fed policy. “We still expect the upcoming data to be weak enough to push market expectations for a rate cut in December higher, which will put pressure on the dollar before the end of the year.” (Jin10)